Ratings

S&P Revises Outlook on Global Multiline Insurer XLIT to Positive; Affirms Ratings

Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its ‘A-‘ issuer credit and senior debt ratings on XLIT …

Best Says Ironshore’s Ratings ‘Not Immediately Affected’ by Fosun Investigation

A.M. Best has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Ironshore Insurance Ltd. (Bermuda) and its affiliated operating  companies: Ironshore Indemnity Inc. (Minneapolis, MN), Ironshore Specialty Insurance Company (Phoenix, …

S&P Affirms Zurich’s Ratings; Outlook Stable

Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ insurer financial strength rating and ‘AA-/A-1+’ long- and short-term counterparty credit ratings on Swiss-based global multiline insurer Zurich Insurance Co. Ltd. and its ‘AA-‘ rating on Zurich’s core subsidiaries, all with …

Best Maintains Negative Outlook on Global Reinsurance Sector

A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into …

Fitch’s Sector Outlook for UK Non-Life: Stable – French Non-Life: Negative

Fitch Ratings has issued reports on both the UK and the French non-life insurance sectors. The UK report indicates that “operating conditions within the UK non-life company market are expected to remain stable in 2016.” Fitch said, however, that it …

Best Affirms Hiscox Insurance and Subs Ratings

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance Company Limited (Hisco), Hiscox Insurance Company (Guernsey) Limited and Hiscox Insurance …

Best Affirms Munich Re and Subs Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the “issue ratings” of Munich Re, as well as the ICR …

A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses

A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable for Zurich Insurance Company Limited (ZIC) and some of its rated affiliates. ZIC …

Best Affirms Lloyd’s Syndicate 510 [Tokio Marine Kiln] Ratings

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510, which is managed by Tokio Marine Kiln Syndicates Limited (TMKS). The outlook for both ratings remains positive. “The …

Best Affirms ‘A+’ Ratings of Hannover Re and Subs; Outlook Stable

A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Germany’s Hannover Rueck SE (Hannover Re) and its main subsidiaries. Best also affirmed the issuer ratings of the existing …

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